This Is a Terrible Way to Address the Risk of A.I. Of Course Trump Loves It.

Mr. Mallaby is the author of “The Infinity Machine.”

President Trump is not the first world leader to insist that the government take stakes in private corporations. But outside of crisis moments such as the Great Depression and the 2008 financial meltdown, the idea has mostly been rejected in the United States — until now.

Since taking office 18 months ago, the Trump administration has turned Uncle Sam into an eager shareholder, announcing investments worth $26.7 billion in equity in 30 companies, according to........

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